MSSMX vs. EDD
MSSMX (Morgan Stanley Institutional Inception Fund Class A) and EDD (Morgan Stanley Emerging Markets Domestic Fund) are both mutual funds - MSSMX is a Small Cap Growth Equities fund actively managed by Morgan Stanley, while EDD is a Emerging Markets Bonds fund managed by Morgan Stanley. Over the past 10 years, MSSMX returned 15.01%/yr vs 5.50%/yr for EDD. Their 0.36 correlation means their historical movements had little consistent relationship. MSSMX charges 1.35%/yr vs 2.20%/yr for EDD.
Performance
MSSMX vs. EDD - Performance Comparison
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Returns By Period
In the year-to-date period, MSSMX achieves a 2.93% return, which is significantly lower than EDD's 14.80% return. Over the past 10 years, MSSMX has outperformed EDD with an annualized return of 15.01%, while EDD has yielded a comparatively lower 5.50% annualized return.
MSSMX
- 1D
- 2.93%
- 1M
- -4.22%
- 6M
- 7.61%
- YTD
- 2.93%
- 1Y
- -0.27%
- 3Y*
- 9.66%
- 5Y*
- -8.92%
- 10Y*
- 15.01%
- ALL TIME*
- 10.62%
EDD
- 1D
- -0.17%
- 1M
- 0.00%
- 6M
- 6.55%
- YTD
- 14.80%
- 1Y
- 27.62%
- 3Y*
- 18.63%
- 5Y*
- 8.18%
- 10Y*
- 5.50%
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.10M | $3.03M | $2.42M | |
| $0.00 | $0.00 | $0.00 |
MSSMX vs. EDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSSMX Morgan Stanley Institutional Inception Fund Class A | 2.93% | 0.76% | 29.15% | 54.22% | -59.57% | -4.29% | 149.49% | 77.58% | -0.03% | 22.42% |
EDD Morgan Stanley Emerging Markets Domestic Fund | 14.80% | 32.46% | 8.64% | 14.09% | -14.15% | -7.03% | -2.84% | 25.45% | -14.09% | 16.34% |
Correlation
The correlation between MSSMX and EDD is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2007 | 0.36 |
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Return for Risk
MSSMX vs. EDD — Risk / Return Rank
MSSMX
EDD
MSSMX vs. EDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Inception Fund Class A (MSSMX) and Morgan Stanley Emerging Markets Domestic Fund (EDD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSSMX | EDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.29 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 1.57 | -1.67 |
| Martin ratioReturn relative to average drawdown | -0.20 | 5.03 | -5.24 |
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Drawdowns
MSSMX vs. EDD - Drawdown Comparison
The maximum MSSMX drawdown since its inception was -76.24%, which is greater than EDD's maximum drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for MSSMX and EDD.
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Drawdown Indicators
| MSSMX | EDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.24% | -59.38% | -16.86% |
Max Drawdown (1Y)Largest decline over 1 year | -32.92% | -17.67% | -15.25% |
Max Drawdown (3Y)Largest decline over 3 years | -32.92% | -17.67% | -15.25% |
Max Drawdown (5Y)Largest decline over 5 years | -71.12% | -32.04% | -39.08% |
Max Drawdown (10Y)Largest decline over 10 years | -76.24% | -42.70% | -33.54% |
Current DrawdownCurrent decline from peak | -48.60% | -2.84% | -45.76% |
Average DrawdownAverage peak-to-trough decline | -24.72% | -24.06% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.49% | 5.50% | +10.99% |
Volatility
MSSMX vs. EDD - Volatility Comparison
Morgan Stanley Institutional Inception Fund Class A (MSSMX) has a higher volatility of 8.53% compared to Morgan Stanley Emerging Markets Domestic Fund (EDD) at 4.62%. This indicates that MSSMX's price experiences larger fluctuations and is considered to be riskier than EDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSSMX | EDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.53% | 4.62% | +3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 23.96% | 13.86% | +10.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.29% | 16.72% | +14.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.12% | 15.57% | +22.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.42% | 17.66% | +16.76% |
MSSMX vs. EDD - Expense Ratio Comparison
MSSMX has a 1.35% expense ratio, which is lower than EDD's 2.20% expense ratio.
Dividends
MSSMX vs. EDD - Dividend Comparison
MSSMX has not paid dividends to shareholders, while EDD's dividend yield for the trailing twelve months is around 10.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDD Morgan Stanley Emerging Markets Domestic Fund | 10.82% | 9.76% | 11.45% | 7.30% | 6.82% | 6.93% | 6.92% | 8.15% | 9.90% | 8.18% | 10.32% | 12.65% |
MSSMX Morgan Stanley Institutional Inception Fund Class A | 0.00% | 0.00% | 1.16% | 0.00% | 0.14% | 36.28% | 13.10% | 45.60% | 18.04% | 57.39% | 3.76% | 9.73% |
Frequently Asked Questions
MSSMX and EDD have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSSMX has higher volatility (8.53%) compared to EDD (4.62%). In terms of maximum drawdown, MSSMX dropped -76.24% vs EDD's -59.38%.
EDD currently has the higher Sharpe Ratio (1.66 vs -0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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